PUTNAM MICHIGAN TAX EXEMPT INCOME FUND /
NSAR-A/A, 1997-03-10
Previous: DREYFUS GLOBAL GROWTH FUND, N-30D, 1997-03-10
Next: PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II, NSAR-A/A, 1997-03-10



<PAGE>      PAGE  1
000 A000000 11/30/96
000 C000000 0000794611
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM MICHIGAN TAX EXEMPT INCOME FUND
001 B000000 811-4529
001 C000000 6172921000
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-7974
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS CORP.
011 B000001 8-5088
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 BOSTON
013 B020001 MA
<PAGE>      PAGE  2
013 B030001 02110
015 A000001 PUTNAM FIDUCIARY TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   98
019 C000000 PUTNAMFUND
020 A000001 PAINWEBBER INC.
020 B000001 13-2638166
020 C000001      5
020 A000002 SMITH, BARNEY, HARRIS, UPHAM & CO.
020 B000002 13-1912900
020 C000002      4
020 A000003 BANK OF AMERICA NT & SA
020 B000003 94-1687665
020 C000003      3
020 A000004 MORGAN (J.P.) SECURITIES INC.
020 B000004 13-3224016
020 C000004      2
020 A000005 EVEREN SECURITIES
020 C000005      1
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       16
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001     20518
022 D000001     11235
022 A000002 EVEREN SECURITIES
022 C000002      6820
022 D000002     10137
022 A000003 FIRST OF AMERICAN
022 C000003      8371
022 D000003      7654
022 A000004 PRUDENTIAL SECURITIES, INC.
022 B000004 22-2347336
022 C000004      8549
022 D000004      6421
022 A000005 AMRO BANK
022 C000005      7471
022 D000005      3242
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006         0
<PAGE>      PAGE  3
022 D000006     10341
022 A000007 EDWARDS (A.G.) & SONS INC.
022 B000007 43-0895477
022 C000007      5217
022 D000007      1780
022 A000008 PAINEWEBBER INC.
022 B000008 13-2638166
022 C000008      4645
022 D000008       978
022 A000009 MORGAN STANLEY INC.
022 B000009 13-2655998
022 C000009      2174
022 D000009      2116
022 A000010 RAUSCHER PIERCE REFSNES, INC.
022 B000010 75-1828470
022 C000010      4044
022 D000010         0
023 C000000      82240
023 D000000      74565
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
027  000000 Y
028 A010000      1325
028 A020000       464
028 A030000         0
028 A040000      1537
028 B010000      1193
028 B020000       418
028 B030000         0
028 B040000      1977
028 C010000      1353
028 C020000       494
028 C030000         0
028 C040000      1103
028 D010000      1456
028 D020000       447
028 D030000         0
028 D040000      1426
028 E010000      1600
028 E020000       440
028 E030000         0
028 E040000      1879
028 F010000      1426
028 F020000       491
<PAGE>      PAGE  4
028 F030000         0
028 F040000      2027
028 G010000      8353
028 G020000      2754
028 G030000         0
028 G040000      9947
028 H000000      8353
029  000000 Y
030 A000000    169
030 B000000  4.75
030 C000000  3.25
031 A000000     11
031 B000000      0
032  000000    158
033  000000      0
034  000000 Y
035  000000     23
036 A000000 Y
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000 100
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000    274
044  000000      0
045  000000 Y
047  000000 Y
048  000000  0.000
048 A010000   500000
048 A020000 0.600
048 B010000   500000
048 B020000 0.500
048 C010000   500000
048 C020000 0.450
048 D010000  5000000
048 D020000 0.400
048 E010000  5000000
048 E020000 0.375
048 F010000  5000000
048 F020000 0.355
048 G010000  5000000
048 G020000 0.340
<PAGE>      PAGE  5
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000 21500000
048 K020000 0.330
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
060 A000000 Y
060 B000000 Y
061  000000      500
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000 100.3
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
<PAGE>      PAGE  6
063 B000000 19.5
064 A000000 Y
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     67450
071 B000000     65090
071 C000000    162119
071 D000000   40
072 A000000  6
072 B000000     5343
072 C000000        0
<PAGE>      PAGE  7
072 D000000        0
072 E000000        0
072 F000000      515
072 G000000        4
072 H000000        0
072 I000000       49
072 J000000      -69
072 K000000       41
072 L000000       10
072 M000000       10
072 N000000        6
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       12
072 S000000        9
072 T000000      274
072 U000000        0
072 V000000        0
072 W000000        2
072 X000000      863
072 Y000000        0
072 Z000000     4480
072AA000000      413
072BB000000        0
072CC010000     6559
072CC020000        0
072DD010000     3764
072DD020000      719
072EE000000        0
073 A010000   0.2400
073 A020000   0.2100
073 B000000   0.0000
073 C000000   0.0000
074 A000000      524
074 B000000        0
074 C000000        0
074 D000000   177017
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000     3260
074 M000000        0
074 N000000   180801
074 O000000     3452
074 P000000      349
074 Q000000        0
<PAGE>      PAGE  8
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      569
074 S000000        0
074 T000000   176431
074 U010000    15526
074 U020000     3553
074 V010000     9.21
074 V020000     9.20
074 W000000   0.0000
074 X000000     5239
074 Y000000     1890
075 A000000        0
075 B000000   171744
076  000000     0.00
077 A000000 N
080 A000000 FEDERAL INSURANCE CO
080 B000000 NATIONAL UNION FIRE INSURANCE CO
080 C000000    50000
081 A000000 Y
081 B000000  97
082 A000000 N
082 B000000        0
SIGNATURE   PAUL BUCUVALAS                               
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM MICHIGAN TAX EXEMPT INCOME FUND
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      168,725,466
<INVESTMENTS-AT-VALUE>                     177,017,005
<RECEIVABLES>                                3,260,319
<ASSETS-OTHER>                                 523,408
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             180,800,732
<PAYABLE-FOR-SECURITIES>                     3,452,033
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      918,195
<TOTAL-LIABILITIES>                          4,370,228
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   169,064,728
<SHARES-COMMON-STOCK>                       15,525,762
<SHARES-COMMON-PRIOR>                       15,634,139
<ACCUMULATED-NII-CURRENT>                       67,117
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (950,849)
<ACCUM-APPREC-OR-DEPREC>                     8,249,508
<NET-ASSETS>                               176,430,504
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,343,149
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 863,327
<NET-INVESTMENT-INCOME>                      4,479,822
<REALIZED-GAINS-CURRENT>                       413,108
<APPREC-INCREASE-CURRENT>                    6,558,716
<NET-CHANGE-FROM-OPS>                       11,451,646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,763,632)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        548,170
<NUMBER-OF-SHARES-REDEEMED>                  (908,502)
<SHARES-REINVESTED>                            251,955
<NET-CHANGE-IN-ASSETS>                       8,111,411
<ACCUMULATED-NII-PRIOR>                         85,347
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (1,363,957)
<GROSS-ADVISORY-FEES>                          515,248
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                977,582
<AVERAGE-NET-ASSETS>                       140,178,341
<PER-SHARE-NAV-BEGIN>                             8.85
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                             (.24)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.21
<EXPENSE-RATIO>                                    .51
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM MICHIGAN TAX EXEMPT INCOME FUND
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      168,725,466
<INVESTMENTS-AT-VALUE>                     177,017,005
<RECEIVABLES>                                3,260,319
<ASSETS-OTHER>                                 523,408
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             180,800,732
<PAYABLE-FOR-SECURITIES>                     3,452,033
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      918,195
<TOTAL-LIABILITIES>                          4,370,228
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   169,064,728
<SHARES-COMMON-STOCK>                        3,553,309
<SHARES-COMMON-PRIOR>                        3,553,309
<ACCUMULATED-NII-CURRENT>                       67,117
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (950,849)
<ACCUM-APPREC-OR-DEPREC>                     8,249,508
<NET-ASSETS>                               176,430,504
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,343,149
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 863,327
<NET-INVESTMENT-INCOME>                      4,479,822
<REALIZED-GAINS-CURRENT>                       413,108
<APPREC-INCREASE-CURRENT>                    6,558,716
<NET-CHANGE-FROM-OPS>                       11,451,646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (718,596)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        363,763
<NUMBER-OF-SHARES-REDEEMED>                  (188,596)
<SHARES-REINVESTED>                             54,129
<NET-CHANGE-IN-ASSETS>                       8,111,411
<ACCUMULATED-NII-PRIOR>                         85,347
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (1,363,957)
<GROSS-ADVISORY-FEES>                          515,248
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                977,582
<AVERAGE-NET-ASSETS>                        30,931,250
<PER-SHARE-NAV-BEGIN>                             8.84
<PER-SHARE-NII>                                    .21
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                             (.21)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.20
<EXPENSE-RATIO>                                    .84
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM MICHIGAN TAX EXEMPT INCOME FUND
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS M
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      168,725,466
<INVESTMENTS-AT-VALUE>                     177,017,005
<RECEIVABLES>                                3,260,319
<ASSETS-OTHER>                                 523,408
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             180,800,732
<PAYABLE-FOR-SECURITIES>                     3,452,033
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      918,195
<TOTAL-LIABILITIES>                          4,370,228
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   169,064,728
<SHARES-COMMON-STOCK>                           72,339
<SHARES-COMMON-PRIOR>                           63,100
<ACCUMULATED-NII-CURRENT>                       67,117
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (950,849)
<ACCUM-APPREC-OR-DEPREC>                     8,249,508
<NET-ASSETS>                               176,430,504
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,343,149
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 863,327
<NET-INVESTMENT-INCOME>                      4,479,822
<REALIZED-GAINS-CURRENT>                       413,108
<APPREC-INCREASE-CURRENT>                    6,558,716
<NET-CHANGE-FROM-OPS>                       11,451,646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (15,824)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         17,519
<NUMBER-OF-SHARES-REDEEMED>                    (9,288)
<SHARES-REINVESTED>                              1,008
<NET-CHANGE-IN-ASSETS>                       8,111,411
<ACCUMULATED-NII-PRIOR>                         85,347
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (1,363,957)
<GROSS-ADVISORY-FEES>                          515,248
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                977,582
<AVERAGE-NET-ASSETS>                           633,935
<PER-SHARE-NAV-BEGIN>                             8.85
<PER-SHARE-NII>                                    .23
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                             (.23)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.21
<EXPENSE-RATIO>                                    .66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission